I’m nearly giddy with joy! My fed tax refund got deposited last night and I got to pay off one of my credit cards in one fell swope. I still have state taxes to pay but they haven’t figured out that amount yet. So I’ll probably pay the amount that H&R Block figured it out to be. Thus far, they’ve been dead on for the federal version. If they get this right, then I’ll definitely be going back next year and having the same rep prepare my taxes again. The difference after the State Taxes are paid will go to what I owe to Revenue Canada. It won’t completely pay off what I owe but will reduce the amount significantly. I still have a lot to go but in the course of a month or so I’ve paid off almost 10% and because I’ve reduced my spending to nearly nothing, it’s made a dent. And that’s a really good thing. I’ll be able to increase my emergency fund a bit this month (more than I had planned) so that’s also good.
As long as I continue with this, I can really see a time when I will be debt free and perhaps I could actually change things so that my money makes money for me rather than it being an expense. One of the things that has been helping me greatly has been the iExpense Apple App. Every time I spend, I record it on my iTouch. And that makes that expense forefront in my mind as to whether I can afford it (I give myself a money “budget”). I can see how much I’m spending and on what. A simple thing like bottle water (about $1.50 a pop) can add up during the day. Even if I go for lunch I can forego having a pop or something (if I go to Chipotles or other “fast food”) and bring my own bottle, like the Camelbak bottle I got.
Anyways, time to get going as I have a lunch date with a friend. More later.